Developer Trilogy Property and technology investor Blenheim Chalcot have formed a joint venture to create a mix of accelerator and office space in a recently acquired historic building in downtown Manchester, Lancashire, England.
The pair have bought 101 Princess Street, a grade II-listed seven-storey building in the Gay Village totalling almost 40,000 sq ft, from Lone Star for more than £5 million.
The joint venture is aiming to “foster a creative and digital community where technology-enabled growth companies can take space in Blenheim Chalcot’s new Accelerate Places venue” as well as offering more permanent space to established or growing businesses on other levels of the building.
Accelerate Places, which is backed by Blenheim Chalcot, provides flexible workspace for high-growth companies in the UK outside the technology investor’s stable.